Accounting Module assessment contains three parts (Parts 1, 2,and 3). Please follow the instructionscarefully.
Requirements
Part 1:
Prepare the journal entries for each set of transaction databelow.
Post the transactions in the ledger.
Extract the unadjusted trial balance as of January 31 of thiscurrent year.
Part 2:
For this section, prepare the following adjusted journalentries.
Record depreciation of $1,000 for equipment.
Accrue unpaid wages of $715.
Accrue unpaid utilities of $420.
Part 3:
Prepare an Adjusted Trial Balance as of January 31 of thisyear.
Submit your completed assessment to the Dropbox beforethe end of Week 8.
Transaction data
Jonathan Swiss owns the Sports Watch Repairs Store. He providesthe transactions relating to the month of January this year.
January2 Invested$10,000 cash as well as providing watch repair equipment with avaluation of $4,800 (Hint: Treat watch repair equipment as part ofcapital.)
January4 Paid first month's rent of $900 cash
January6 Received $2,500 cash for watch repairs
January8 Purchased supplies on account from Sears for $500
January9 Repaired a vintage watch on account for $1,500
January9 Paid $575 cash for wages
January12 Purchased watch repair equipment for $1,200 cash
January13 Received $5,500 cash from watch repairs
January16 Purchased equipment on account from Sears for $1,000
January18 Paid$520 cash for advertising expense
January20 Withdrew $750 cash for personal expenses
January22 Received $950 cash on account for work done on January 9
January23 Paid$475 cash for wages
January26 Received $7,000 cash from watch repairs
January27 Paid$850 cash on account for the January 16 transactions
January30 Received $480 cash from repairs previously done on an antiquewatch
Please complete in a copy and paste form (and not anattachment). PLEASE!!! Thank you